Form 4: UBSI CEO Adams Reports Stock Transactions

Sentiment:

Insider Transaction Report 25 February 2026 4:48 PM

📋All filings for United Bankshares Inc/wv

United Bankshares CEO Richard M. Adams Jr. reported the vesting of performance-based restricted stock units and subsequent tax-related dispositions of common stock.

Better than expectedThe vesting of 17,087 performance-based restricted stock units indicates that United Bankshares Inc. met the specific performance goals set for these awards. This suggests the company's operational and financial performance over the past three years (since the February 2023 grant) was strong enough to trigger the full vesting of these incentives, which is a positive indicator.

Summary

Richard M. Adams Jr., Chief Executive Officer and Director of United Bankshares Inc./WV (UBSI), reported several transactions involving the company's common stock.
On February 23, 2026, Mr. Adams acquired 17,087 shares of common stock through the vesting of performance-based restricted stock units (RSUs) granted in February 2023, which vested upon achievement of performance goals.
Following the RSU vesting, Mr. Adams disposed of a total of 14,592 shares of common stock (4,399 shares on February 22, 2026, and 2,454 shares and 7,749 shares on February 23, 2026) at a price of $44.28 per share.
After these reported transactions, Mr. Adams directly beneficially owns 186,344.392 shares of common stock.
Indirect beneficial ownership includes 16,620.3776 shares via a 401k and 10,986.084 shares via a Trust for Children.
Mr. Adams also holds phantom stock (254.151 shares) from deferred compensation, exercisable immediately and payable in cash upon termination of employment.
Additionally, Mr. Adams holds various stock options with exercise prices ranging from $32.51 to $45.3, and expiration dates between February 2027 and February 2030.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as slightly positive. The vesting of performance-based RSUs is a strong signal that the company achieved its set goals, while the subsequent dispositions are routine for tax purposes and do not necessarily indicate a negative outlook from management.

Positives

The vesting of 17,087 performance-based restricted stock units indicates that the company achieved its performance goals, reflecting positively on management's execution and the company's operational success.

Negatives

The disposition of 14,592 shares of common stock, likely for tax withholding purposes related to the RSU vesting, represents a reduction in direct ownership, although it is a common practice for equity compensation.

Future Outlook

This Form 4 filing does not contain specific forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those involving the vesting of performance-based equity awards and subsequent tax-related sales, are common in the financial services industry. Such filings provide transparency into executive compensation structures and management's direct stake in the company, which can be a signal of alignment with shareholder interests.

Stakeholder Impact

Shareholders: Provides transparency into executive compensation and beneficial ownership, showing management's continued stake in the company and the successful achievement of performance metrics.
Employees: The CEO's equity compensation structure, including RSUs and stock options, serves as an example of the company's incentive programs, potentially influencing employee morale and retention.

Key Dates

Date	Description
02/27/2017	Grant date for stock options with an exercise price of $45.3 and an expiration date of 02/27/2027.
02/26/2018	Grant date for stock options with an exercise price of $37.6 and an expiration date of 02/26/2028.
02/25/2019	Grant date for stock options with an exercise price of $38.49 and an expiration date of 02/25/2029.
02/24/2020	Grant date for stock options with an exercise price of $32.51 and an expiration date of 02/24/2030.
02/24/2021	Grant date for stock options with an exercise price of $32.51 and an expiration date of 02/24/2030.
February 2023	Performance-based restricted stock units were granted.
February 2026	Performance-based restricted stock units vested upon achievement of performance goals.
02/22/2026	Transaction date for the disposition of 4,399 shares of common stock.
02/23/2026	Transaction date for the acquisition of 17,087 shares of common stock (vesting of RSUs) and the disposition of 2,454 and 7,749 shares of common stock.
02/25/2026	Signature date of the reporting person.

Recommendation

hold

While the vesting of performance-based RSUs is a positive signal of the company meeting its goals, the subsequent dispositions are routine for tax purposes and do not provide a strong directional signal for investment. A Form 4 primarily reports changes in beneficial ownership and does not typically contain enough information to warrant a strong buy or sell recommendation on its own. Investors should consider this information in the broader context of the company's financial performance and market conditions.

Keywords

UBSI, United Bankshares, Form 4, insider transaction, CEO, beneficial ownership, restricted stock units, stock options, equity compensation, corporate governance

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